Sika to divest European industrial coatings business

Sika has agreed to sell its European industrial coatings business, based in Germany, to The Sherwin-Williams Company. The transaction is expected to be completed at the beginning of 2022.

The transaction includes the European industrial coatings business with the main location and manufacturing facility in Vaihingen, Germany. The product range encompasses anticorrosive and fire protection coatings which are mainly sold in Germany, Switzerland, Poland, and Austria.

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